Top 5 Life Insurance Companies in India
Nowadays people are busy with their own lives. And it is not possible for a human being to know what will happen and when. because nobody can say your future. so we try to claim compensation for possible losses or damages in the future through an insurance policy.
Insurance is very important for each people. Life insurance will help you to protect against any financial loss and it also helps to secure your future. but the various insurance company available on the internet. they are providing various plan which has different terms of benefits. so it can be difficult to choose a better plan. in this article, we have a list of Top 5 life insurance companies in India. you can choose the right one from this list, to insure you.
HDFC Life Insurance Co. Ltd
The largest and the most famous life insurance company is usually known as HDFC life. The company was founded in 2000 and its headquarters is situated in Maharashtra (Mumbai). Some of the popular services that are offered by the HDFC Life Insurance Co. health insurance plan, Ltd like saving plan, protection plan, , special women plan pension plan, and child plan.
| Main Office of HDFC Life Insurance Co. Ltd | 13th Floor, Lodha Excellus, Apollo Mills Compound, N.M. Joshi Road, Mahalaxmi, Maharashtra Mumbai 400011, India |
| Claim settlement ratio of HDFC Life Insurance Co. Ltd | 99.04% |
| Name of the Present Chairman/CEO | Ms. Vibha Padalkar (MD & CEO) |
| Official Website of HDFC life is | www.hdfclife.com |
HDFC Life Insurance Co. Ltd is a joint venture between India’s largest finance association HDFC Ltd and a well-known multinational investment company named Standard Life.
under the management, of Indian currency, the total assets of HDFC Life Insurance Co. Ltd are Rs.10,000 crores mark.
HDFC Life Insurance Co. Ltd claim settled of life insurance policies ratio is 99.04% in which they have settled over 11,039 claims till now. For this cause HDFC life is holding by the Top 10 Life Insurance Companies in India,
Life Insurance Corporation of India
Life Insurance Corporation of India is the most trustable and oldest insurance company in India. which is known as LIC, The largest life insurance company. Since 1956 they provide well services for every Indian. Some of the popular services they are offered by the LIC company are life insurance plans, group schemes, child insurance plans, pension plans, unit-linked plans, and special plans.
| Main Office of Life Insurance Corporation of India | Jeevan Bima Marg, Yogakshema, Post-Box No. 19953, Mumbai – 400021 India |
| Claim settlement ratio of Life Insurance Companies in India | 97.79% |
| Name of the Present Chairman/CEO | Mr. M R Kumar (Chairman) |
| Official Website of LIC | www.licindia.in |
LIC of India is a well-known government-based company. LIC has achieved ‘Best Life Insurance Company of the Year’. The total assets of Life Insurance Corporation in India under the management is 450 billion dollars that convert in Indian currency is Rs. 3,111,847 crores. The ratio of claim settlement of life insurance policies provided by this company is 97.79% with more than 25 crores of the successful claims paid. That is why LIC is getting the place of the Top 10 Life Insurance Companies in India.
Max Life Insurance Co. Ltd.
Max Life Insurance Co. Ltd. is the most famous Life Insurance company in India. it is the joint venture life insurance company between Mitsui Sumitomo Insurance Company and Max Financial Services. The company offers very good service to secure the financial strength of the customers since the year 2000. Max Life Insurance Co. Ltd. provides many life insurance plans including child insurance, retirement plans, long-term savings, group solutions plans, protection plan, and a wide variety of investments, etc.
| Main Office of Max Life Insurance Co. Ltd. | 3rd, 11th, 12th Floor, DLF Square Building, Jacaranda Marg, DLF City, Phase – II, Gurgaon – 122002, Haryana, India |
| Claim settlement ratio of Max Life Insurance Co. Ltd. | 99.20% |
| Name of the Present Chairman/CEO | Mr. Prashant Tripathy (CEO & MD) |
| The official Website of MAX life is | www.maxlifeinsurance.com |
The company’s main office is in New Delhi. The company has operated a network of 269 offices across India. The total assets of Max Life Insurance Co. Ltd. under the management are crossing Rs 50000 crores. Max Life Insurance Co. Ltd. claim paid 99.2% of life insurance policies ratio in which they have settled over 8,804 claims till now. That the reason MAX life insurance stands in the position of Top 10 Life Insurance Companies in India
TATA AIA Life Insurance Co. Ltd.
TATA AIA Life Insurance Co. Ltd. is the most well-known and popular life insurance company. It is a joint venture insurance company between Tata Sons Pvt. Ltd. and AIA Group Ltd. in this venture Tata holds a stake of 75% whereas 26 % by AIA Group of company.
The company was founded in the year 2001 and is recognized as one of the largest Indian life insurance companies in urban areas.
TATA AIA life insurance presents various plans in multiple sections, like a life insurance plan, group plan, wealth plan, child plan, protection plan, saving plan, and microinsurance plan.
| Main Office of TATA AIA Life Insurance Co. Ltd. | 14th Floor, Tower A, Peninsula Business Park, Lower Parel, Senapati Bapat Marg, Mumbai – 400013, India |
| Claim settlement ratio of TATA AIA Life Insurance Co. Ltd. | 99.07% |
| Name of the Present Chairman/CEO | Mr. Rishi Srivastava (CEO & MD) |
| The official Website of TATA AIA is | www.tataaia.com |
TATA AIA is a joint venture company between TATA AIG Life Insurance Company and American International Assurance. the company is based in Hong Kong.
under the management, the total assets of TATA AIA life insurance are around Rs. 28,430 crores. Their claim settlement ratio is 99.07% where 3,659 claims paid till now. that is the reason TATA AIA is getting the top 10 positions of best life insurance companies in India.
Disclaimer: Favfoto.com only collects the proper present information for easy-to-get information to readers but does not rate, endorse or recommend any specific insurance provider or insurance product offered by any insurer.
ICICI Prudential Life Insurance Co. Ltd
ICICI Prudential Life Insurance Co. Ltd is the most reputable life insurance company in India. it is the joint venture insurance company between ICICI Bank Limited and Prudential Corporation Holdings Limited. it fulfills various life stages of the customers as per their requirements.
The company was established in 2001 and its headquarters is located in Mumbai, India. ICICI Prudential Life Insurance Co. provides various insurance plans and some of the popular plans are life insurance plan, Long term investment plan, Pension Plan, ULIP plan, Child Plan, etc.
| Main Office of ICICI Prudential Life Insurance Co. Ltd | ICICI Prulife Towers 1089, Appasaheb Marathe Marg, Prabhadevi, Mumbai – 400025 India |
| Claim settlement ratio of ICICI Prudential Life Insurance Co. Ltd | 98.58% |
| Name of the Present Chairman/CEO | Mr. N S Kannan (CEO & MD) |
| The official Website of ICICI Prudential is | www.iciciprulife.com |
ICICI Prudential Life insurance is well-known for its strong bancassurance and client supportable approach made it one of the best life insurance companies in India.
ICICI Prudential Life Insurance Co. Ltd. claim settled is 98.58% ratio of life insurance policies in which they have settled over 11,546 claims till now.
The total assets of ICICI Prudential Life Insurance Co. Ltd under the management are Rs. 1,604.10 crores.
The company has provides a classification, of services that allow the users to achieve the long-term intention. due to which the ICICI Prudential is acquiring Top 10 Life Insurance Companies in India New List (2021)
conclusion
insurance is very important for every person. Nowadays our lives have become much riskier. No one knows what will happen today and in the future. you can secure and protect yourself against any financial losses or damages, for the rest of your life, by insuring yourself.
in this article, we have a list of the Top 5 Life Insurance Companies in India. where you can choose one as per your need. Hope this article will help you to find the best Life Insurance Companies in India.
Note:– this article is fully based on research and if anything gets wrong let me know in the comment section, we will fix it as soon as possible.